) value proposition continues to be a source of confidence for investors and proponents amid prevailing depressed market conditions in the broader cryptocurrency space.
“During the bear market, so many people have lost money on all these other tokens. Once again, Bitcoin is shining as the safer asset.” The analyst adds that Bitcoin continues to be a means for citizens of countries facing hyperinflation to safeguard and control their wealth: Meanwhile Jimmy Song, Bitcoin developer and educator, tells Cointelegraph that alt coins have detracted from the transformational potential of Bitcoin by “muddying the waters between centralization and decentralization”:
“People get confused, they get screwed out of it and then they swear off crypto forever or something like that, not having ever understood anything about it.”